Table 7-1 Table 7-1 Shows the Aggregate Demand and Short-Run

question 21

Multiple Choice

Table 7-1
Table 7-1 shows the aggregate demand and short-run aggregate supply curves for an economy. The potential level of output is $7.6 trillion.
-Refer to Table 7-1. If policymakers choose to close the gap by using stabilization policy, they should use

• A) contractionary fiscal or monetary policies.
• B) expansionary fiscal or monetary policies.
• C) a combination of contractionary fiscal and expansionary monetary policies.
• D) a combination of expansionary fiscal and contractionary monetary policies.

Analyze various strategies and environments that support positive cognitive and emotional development in children.

Understand the concept of scaffolding and zone of proximal development in learning.

Understand Erikson's stages of psychosocial development and their impacts on personality development.

Identify the role of attachment in early childhood and factors influencing attachment styles.